45 



competition be great, he will receive a less portion, 

 and the landlord a greater, but still he will not go 

 on farming without profit, though he obtain but a 

 small one. If then, there is no surplus, there is no 

 rent. This will be the case ultimately ; though, 

 before this does take place, rents will be paid, as 

 they have heretofore been, out of the tenant's 

 capital, until his capital is still more diminished, 

 and the present race of tenants, for the most part, 

 ruined. I maintain, and I know that reflecting 

 practical men concerned in the superintendence 

 and management of landed property,, men who 

 know the circumstances of the classes comprising 

 what is called the landed interest, will agree, and 

 the Report of the Committee admits the fact, that 

 fkrmers, with wheat at 63s. a quarto^wMch was 

 the average price within one pejanj_froin_J[828_to 

 18327Have been unable to pay their present rents,^^^ 

 ImoTto live in that unparsimonious and hospitable, | 

 yet frugal and provident manner, in which the yeo- 

 manry of England were once accustomed to do, 

 and in which they ought to be able to do : for 

 those who employ time and capital in any branch of 

 useful industry have a right to expect to accumu- 

 late something : this is the great inducement to 

 its employment, and there is somewhat radically 

 wrong in the state of affairs in a country when 

 such is not the result. Mr. Sanders says, " the 

 farmer is retrograding, the manufacturer is rising;" 

 that the manufacturers enjoy more of the 

 comforts of life than the farmer ; that the 



